I have two agents proposing quite different launch prices for a Singapore new-build flat. The higher figure is appealing, but comparable listings that started ambitiously appear to have sat for roughly 84 days before reducing. Would you preserve negotiating room or launch nearer the likely sale price to capture first-week interest? I’m looking for completed outcomes rather than pitch promises, including whether withdrawn listings are distorting the picture.
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Launch high or price near the likely sale level for a Singapore new-build flat?
- Thread starter gate.strong
- Start date
even_workshop
Seller
I would lean closer to the supported sale price. A high asking figure only protects the outcome if buyers still view and negotiate; otherwise it can waste the period when the listing is fresh. Ask both agents for recent completed sales within genuinely comparable neighbourhood boundaries, then have them explain adjustments for condition rather than simply showing current asking prices.
woodworksAndStone
Homeowner
That assumes the seller values speed. If motivation is low and new-listing volume is limited, testing higher may be rational. The caveat is buyer financing: an agreed price is not necessarily workable if the buyer cannot support the gap between the price and the valuation used by a lender. I’d want to know how unusual this flat is before treating all ambitious launches as mistakes.
even_workshop
Seller
Fair disagreement. Bianca, is there a date by which you need certainty? That changes the answer. I’d also ask each agent to state in advance when they would recommend a cut and what market response would trigger it. “Start high and see” is not a strategy unless the timing and response to weak interest are defined.
Put the two proposals into the same comparison: recent completed sales, current competing listings, withdrawn stock, property condition, and seller timeline. Then ask each agent to estimate the likely buyer pool at their proposed price, including financing constraints. If the higher proposal relies mainly on active asking prices, while the lower one is tied to completed deals, those are not equally strong cases. A short, pre-agreed test at the higher level can be defensible, but waiting around 84 days before reacting would risk chasing the market rather than testing it.